Once again, euro showed a strong correlation with the US stock market as a sharp correction took place in both markets.
The US market fell due to new concerns about small and medium-sized banks, while euro declined ahead of important US data. The report on durable goods orders will be released today, followed by GDP and PCE inflation reports on Thursday and Friday.
Euro’s decline began exactly from the previous high – 1.1070.
However, selling should start after a new noticeable growth, and another approach to 1.1070 is possible.
Buying should only begin after a new strong wave of decline.
Sell from 1.1070.
Buy from 1.0860.
The material has been provided by InstaForex Company – www.instaforex.com
Once again, euro showed a strong correlation with the US stock market as a sharp correction took place in both markets.
The US market fell due to new concerns about small and medium-sized banks, while euro declined ahead of important US data. The report on durable goods orders will be released today, followed by GDP and PCE inflation reports on Thursday and Friday.
Euro’s decline began exactly from the previous high – 1.1070.
However, selling should start after a new noticeable growth, and another approach to 1.1070 is possible.
Buying should only begin after a new strong wave of decline.
Sell from 1.1070.
Buy from 1.0860.
The material has been provided by InstaForex Company – www.instaforex.com
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